“Rs 16,000 crore will be spent to bring a monumental change in the lives of the poor,” Modi said while launching the ‘Saubhagya’ scheme here.The prime minister regretted that even after 70 years of independence 4 crore out of 25 crore families did not have access to power.Under the scheme, the government proposes to provide electricity to all households by December 2018, ahead of the earlier target of March 2019.

All villages would be electrified by December this year ahead of the scheduled deadline of May 1, 2018.”This is a reflection of working style and will power,” Modi said adding, power connection will be provided free of cost to all poor families under the scheme.He said that earlier there used to be breaking news regarding power outages and shortage of coal to power plants but now situation has changed and the nation is moving from a scenario of power shortage to surplus.

The prime minister also called upon ONGC to use its Rs 100 crore start up funds to develop user friendly electric cooking appliances saying it would help in reducing the fuel consumption.According to an official statement, the total outlay of the ‘Saubhagya’ project is Rs 16,320 crore while the Gross Budgetary Support (GBS) is Rs 12,320 crore.

The outlay for the rural households is Rs 14,025 crore while the GBS is Rs 10,587.50 crore. For the urban households the outlay is Rs 2,295 crore while GBS is Rs 1,732.50 crore.

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